Walmart and Amazon Explore Stablecoins for Global E-Commerce Payments

Walmart and Amazon are reportedly mulling plans to issue their own US dollar-backed stablecoins for customers, signaling wider institutional stablecoin adoption amid improving regulatory clarity in the United States.

The two retail giants are mulling the development of brand-specific stablecoins, according to people familiar with the matter, The Wall Street Journal reported on Friday.

While neither of the companies confirmed the stablecoin plans, a stablecoin payment system for either could divert billions in cash flow from their banking…